Against Global Apartheid: South Africa Meets the World Bank, IMF and International Finance

Authors: P. Bond
Publisher: Juta Academic
Edition: 1
Publish Year: 2003
ISBN: 9781919713823

Critiquing the neoliberal economics formulated and imposed by the World Bank and IMF on developing countries generally, and Africa specifically, this book details the consequences of these policies. Demonstrated are the extraordinary economic and human damage these practices have wrought over the past decade, and how they have displaced the originally radical and pro-people orientation of the African National Congress. Demonstrated are the ways in which South African civil society has resisted corporate-dominated globalization in its fight against not only international financial institutions, but also the big pharmaceutical corporations over access to HIV/AIDS drugs. An argument is made that there is another way to more socially just and economically rapid development via deglobalization, which would entail cutting loose from dependence on global institutions and foreign capital, and locking financial resources down in order to put them to work productively within national boundaries.